Loans: Are not really BAD to Your Financial Health!
By looking around the neighborhood today, we can find different forms of LOANS available to the masses. Some are like "goods for Arawan", "ATM Collateral Loans", and many others. One in "HOT List" lately was the 5-6 which have been dominated by our Indian friends. And that our government under Duterte's administration is paying attention to. It says "5-6 brings NO GOOD to the Filipino people". Indeed a lot of people out are shouting "Be DEBT FREE" if you want to be financially independent. However, many have been patronizing DEBT! That is why the industry is flourishing - Credit Coops, Thrift Banks, Individuals engaging in lending, and so on... Is taking CASH LOANS really bad to our finances? Well, to some extent - NOT exactly! (peace bro +Bong Bungalan Jr. ) I may seemed in contradiction here. What I'd like to drive in here is - depende sa nature, purpose, and the scheme ng LOAN availed. For